Gov’t upsizes T-bill award as rates decline further
THE GOVERNMENT upsized the volume of Treasury bills (T-bills) it awarded for the seventh straight week on Monday as demand remained high despite faster inflation and as rates continued to drop.
BSP bills undersubscribed on RTBs
THE CENTRAL BANK sold P99.05 billion in one-month securities on Monday, below its program due to the government’s ongoing offer of retail Treasury bonds (RTBs) and expectations of quicker inflation.
Peso climbs as gov’t eases restrictions
THE PESO started the week a tad stronger than the greenback as the economy reopens further and amid the ongoing sale of retail Treasury bonds (RTBs).
Rates of T-bills to move sideways on RTB
THE RATES of Treasury bills (T-bills) to be auctioned off on Monday will likely move sideways due to the ongoing offering of three-year retail Treasury bonds (RTBs).
LANDBANK books lower net income
STATE-RUN Land Bank of the Philippines (LANDBANK) saw a 7.57% drop in its net income last year amid the economic downturn caused by the coronavirus pandemic.
Yields on gov’t debt rise on inflation
YIELDS ON government securities (GS) went up last week as inflation continued to pick up to reach a two-year high in January.
Peso to extend gains vs dollar on BSP decision
THE PESO will likely strengthen versus the dollar this week on the expected arrival of the vaccines in the country and following signals from the central bank that it would keep rates low to support the economy.
PHL needs to prove measures vs money laundering boosted guard
THE PHILIPPINES has to prove its revised anti-money laundering and terrorism financing measures boosted safeguards and ensure it does not go back to the “gray list” of the Financial Action Task Force (FATF), the head of the Anti-Money Laundering Council (AMLC) said.
Robinsons Bank, Pru Life extend bancassurance deal
ROBINSONS BANK Corp. and Pru Life UK have renewed their bancassurance partnership amid an increase in demand for insurance products due to the coronavirus pandemic.
Cua files bill seeking to lift bank secrecy
A LAWMAKER is pushing amendments to the Bank Secrecy Law to lift certain provisions to prevent criminal activities by giving the regulator authority to look into bank accounts.
US Treasury chief eyes financial innovation to fight the misuse of cryptocurrencies, narrow digital...
WASHINGTON — US Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality.
No to ‘Cha-cha’ at this time
By J. Albert Gamboa
The Financial Executives Institute of the Philippines (FINEX) released the following statement last month in reaction to the House of Representatives’ renewed push for Charter change (Cha-cha):